Georgia Entrepreneur Secures Financing to Buy Discovery Point Franchise

Need money to invest in a Discovery Point franchise? Temecula Valley Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Duluth, Georgia needed money to invest in a Discovery Point franchise back in 2002. Temecula Valley Bank issued an SBA franchise loan. Here are the details on this Georgia small business loan.

SBA Loan Borrower

DISCOVERY POINT CHILD DEVELOPM
DULUTH, GA 30136

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

2/21/2002

Loan Approval Gross Amount

$110,900

Loan Approval from the SBA

Of the total $110,900 loan amount, the SBA guaranteed $94,265.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Discovery Point franchise. At the time of the loan, the company had 28 employees. The SBA loan application for the borrower indicated that the loan would help retain 28 existing jobs.

Next Steps for Getting an SBA Loan

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Temecula Valley Bank and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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